If there isn't I can grantee that problems in the U.S won't be exclusively economic anymore, and the whole world will reel from it, because whether others want to recognize it or not, we (United States) are the center-stone, and if we fracture, then entire world structure come tumbling down too.

Since when can Federal agencies loan money or guarantee loans without Congressional authority?

I can see organizations like ACORN or bogus political supporters getting multimillion dollar loans to do stuff like manufacture solar collectors and electric cars. (Oh, wait. That has been done already.)

Sec. 301. Loan Guarantees. (a) To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency... is authorized... to guarantee loans by private institutions.

(b) Each guaranteeing agency is designated and authorized to: (1) act as fiscal agent in the making of its own guarantee contracts and in otherwise carrying out the purposes of section 301 of the Act; and (2) contract with any Federal Reserve Bank to assist the agency in serving as fiscal agent.

(c) Terms and conditions of guarantees under this authority shall be determined in consultation with the Secretary of the Treasury and the Director of the Office of Management and Budget (OMB). The guaranteeing agency is authorized, following such consultation, to prescribe: (1) either specifically or by maximum limits or otherwise, rates of interest, guarantee and commitment fees, and other charges which may be made in connection with such guarantee contracts; and (2) regulations governing the forms and procedures (which shall be uniform to the extent practicable) to be utilized in connection therewith.

Sec. 302. Loans. To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency... is delegated the authority ... to make loans.

Since when can Federal agencies loan money or guarantee loans without Congressional authority?

I can see organizations like ACORN or bogus political supporters getting multimillion dollar loans to do stuff like manufacture solar collectors and electric cars. (Oh, wait. That has been done already.)

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If all the little details of running an agency required Congressional approval it would be total chaos, and nothing would ever get done. That said, agencies often make bad decisions in this regard, but probably not as many bad decisions as there would be if they were all up to Congress.

No different than in any large business. Not every decision ends up on the CEOs desk.

If there isn't I can grantee that problems in the U.S won't be exclusively economic anymore, and the whole world will reel from it, because whether others want to recognize it or not, we (United States) are the center-stone, and if we fracture, then entire world structure come tumbling down too.

The ridiculous thing about this EO is that it doesn't actually 'order' anything. Mostly it is just a sh!tload of wasted words that actually don't say much. Terms are not defined, the items are ambiguous at best. Section 2 under General provisions violates the law by indicating some 'officer' can issue a subpoena or delegate it to some 'other persons' but doesn't specify what the officer is an officer of.

The bottom line is that this EO doesn't actually do anything except waste words.

The ridiculous thing about this EO is that it doesn't actually 'order' anything. Mostly it is just a sh!tload of wasted words that actually don't say much. Terms are not defined, the items are ambiguous at best. Section 2 under General provisions violates the law by indicating some 'officer' can issue a subpoena or delegate it to some 'other persons' but doesn't specify what the officer is an officer of.

The bottom line is that this EO doesn't actually do anything except waste words.

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Actually, Obama probably prefers vagueness. It lets him and his minions interpret the words to suit themselves.

If all the little details of running an agency required Congressional approval it would be total chaos, and nothing would ever get done. That said, agencies often make bad decisions in this regard, but probably not as many bad decisions as there would be if they were all up to Congress.